● Nasdaq submits proposal to the US SEC to allow trading of tokenized securities
According to Foresight News, Nasdaq has submitted a proposal to the US Securities and Exchange Commission to amend trading rules to allow trading of securities issued in traditional or tokenized form on its main board market, covering listed stocks and ETF products. Nasdaq stated that eligible tokenized securities will be matched in the same order book as traditional securities under the same priority rules, provided they have 'substantially the same rights.' If approved, US investors will see the first batch of securities trading supporting token settlement as early as the third quarter of 2026.
● The SEC will hold a roundtable on financial oversight and privacy encryption on October 17
According to reports from Wu, the U.S. Securities and Exchange Commission (SEC) crypto working group will hold a public roundtable on 'financial oversight and privacy' at its Washington headquarters on October 17. SEC Commissioner Hester Peirce stated that privacy protection technology is crucial for Americans and will help the SEC and other financial regulatory agencies find balance in cryptocurrency policy making.
According to reports from Wu, the U.S. House of Representatives submitted H.R. 5166, a bill that proposes to allocate funds in the fiscal year 2026 and requires the Treasury Secretary to assess the feasibility of establishing a strategic Bitcoin reserve and a U.S. digital asset reserve. The bill requires the Treasury Department to submit a report to Congress within 90 days of enactment, covering potential obstacles, impacts on Treasury funds and the government's balance sheet, custodial methods for Bitcoin and digital assets, as well as inter-agency transfer and security mechanisms.
● Grayscale submits Chainlink ETF S-1 application to the SEC
According to reports from ShenChao TechFlow, on September 8, Grayscale submitted the S-1 application for the Chainlink ETF to the U.S. Securities and Exchange Commission (SEC).
According to BlockBeats, Matrixport released a market view stating that since the U.S. Congress approved a $5 trillion increase in the debt ceiling, the U.S. has issued $1.2 trillion in new debt, which is one of the key factors driving up gold prices. Another factor is Trump's increasing influence on Federal Reserve decisions; he is actively promoting his preferred candidates to enter the Fed, who may soon hold a majority of the Fed's seats.
Meanwhile, cryptocurrency traders are increasingly allocating capital to tokenized gold, continuously injecting new capital into this asset and reestablishing gold's status as a viable asset class. Given the close relationship between gold and Bitcoin, traders will continue to seek other means of value storage, especially under continued pressure on confidence in U.S. fiscal discipline.
● QCP Capital: The crypto market remains independent amid expectations of Federal Reserve rate cuts
According to BlockBeats, QCP Capital released a report stating that after the non-farm payroll data fell short of expectations, stock futures rose, and the two-year U.S. Treasury yield fell to a new annual low. The market is betting on a 72 basis point rate cut within the year. However, expectations of Federal Reserve rate cuts have not affected the crypto market. Despite the stock market rebound and gold hitting new highs, cryptocurrencies continue to consolidate. Risk reversal indicators show a surge in demand for put options, but there are also views that this indicates resilience in crypto assets. QCP Capital pointed out that the market is cautious ahead of the release of U.S. inflation data, with short-term implied volatility remaining high. If inflation data exceeds expectations, it could complicate the Federal Reserve's rate-cutting path. The likelihood of a trade friction escalation under the Trump administration is low.
● NFT sales drop to $91.96 million, hitting a new low since mid-June
According to Cointelegraph, NFT sales dropped to $91.96 million in the first week of September, the lowest since mid-June. Previously, weekly sales in July and August never fell below $115 million. From July 21 to 27, weekly sales of digital collectibles reached $170 million, the third highest this year. The slump last week brought sales back to levels seen from June 16 to 22, when sales were $90 million. From September 1 to 7, the number of independent NFT buyers was 199,821, a decrease of 58% from mid-June. The number of independent sellers also dropped by 43%, to 145,877. Despite the decline in transaction volume, the total number of transactions remained at 1.27 million, indicating sustained trading activity. The average sale price in August was $104, which dropped to $72 at the beginning of September. DappRadar analyst Sara Gherghelas stated that the strong performance in July and August was attributed to increased NFT adoption.
